If you have been following our market analysis for the last few weeks you will have noticed that we have been spot on with our overall market reversal points. So, we have not only made you money but we have also saved you money!
In April we notified you that there were some overlapping bars and you should start taking profit on February's positions and, that if we were to see price close under the levels that we suggested, the price would likely retrace/pullback therefore meaning all bets were off, which I am pleased to say it did.
An important fact to remember is that the cash is king stage of the down move is really just a reiteration that the price is doing what we expected it to do and that being on the sidelines is better than being in the market losing money.
Following this there was a period that we told you to "sit on hands" and wait for the market to start showing some signs of strength which we highlighted in our market update video.
When we sent out our market update "setting up nicely" it was at this point where we saw buyers come into the market and that the price level at support was holding up. Selecting strong stocks is a key factor in having great gains compared to just good gains. The watchlist that we published back then showed some great stocks some of which gave 20% within 3 days of producing the watchlist whilst others didn't even give setups.
Seeing the overlapping bars down at the support area could have been a great place to speculate and be in some nice open profit now. Like we said we dipped our toe in the water with a few stocks and have great profit on them but we are using our money management skills to make sure that the toe in the water trades are on a % level that compliments the overall market condition.
Now the base has broken out you can see that our watchlist is offering some favourable stocks which are strong against the market and within a strong sector maximising the profit potential.
This is not a signal to our followers to just enter stocks that we post as we only give live calls to paying subscribers but this watchlist does offer you the chance to analyse the stocks that we are focusing on with your own chart analysis.